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Aug 14, 2019 12:30 AM

Netease Weekly Chart Confirms Bullish Momentum. Long

NetEase, Inc.NASDAQ

Description

NASDAQ:NTES Having suffered a terrible correction from the November 2017 highs, it seems it has finally found some momentum to carry it back to a reasonable level.
The stock has suffered as many Chinese stocks, from trade related anxiety and also from tougher Chinese regulations against gaming companies. After reporting earnings in early August the stock has already seen +20% gainsand upgrades may follow in the coming days to help propel it higher.
Indicators point to future gains, dependant on market conditions.
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